Startup Sunday Season 2 Episode 22 (Unacademy)

“Education is an ornament in prosperity and a refuge in adversity.” With our Prime Minister dreaming of a Digital India with quality education reaching the most inaccessible corners driven by Digital Learning, this Sunday brings to you a startup which takes democratisation of education to another level.

What is Unacademy

With a mission to revolutionise education and impact millions of lives like WhatsApp, google or Facebook. And a vision to build the world’s largest educational repository by empowering great educators and making it accessible to everyone, ‘Unacademy’ was established in December 2015, by Roman Saini(an AIIMS graduate and IAS officer) Gaurav Munjal, Hemesh Singh and Sachin Gupta.This startup is said to have started as a YouTube channel in 2010 by Gaurav Munjal.

In 2017, Unacademy became the largest YouTube education channel with 1 million subscribers. Unacademy is said to have pulled in $17 million in different funding rounds from investors including, Sequoia India, SAIF Partners,and Nexus Venture Partners.

Unacademy utilises Eight-to ten-minute recordings to teach different subjects to aspirants and these subjects are simplified utilising charts and visuals. Unacademy Learning App was propelled in 2016.

Unacademy as a web based learning stage additionally enables teachers to make courses on different subjects through its portable application “Unacademy Educator”.This application enables instructors to make lessons in various dialects.

How and when did Unacademy start ?

In 2010, Gaurav Munjal , the founder of Unacademy took a resolution that for new year he will begin something new. He wanted to be a business person however little or huge his idea might be. During his third year in college he recorded a video and posted it on YouTube. Then a week later recorded another one… and that one became popular in a month and he started getting messages from all across the country.

More often than not individuals don’t understand that beginning something isn’t advanced science, for him it was purchasing a whiteboard and recording the principal video.

In 2014, Roman Saini joined Unacademy as a Co-Founder and he began making UPSC recordings for nothing and took Unacademy to an awesome new level. A few months ago Hemesh Singh and Sachin Gupta joined Unacademy as fellow benefactors and are building a progressive free training stage with a huge number of free lessons.

Revenue model of Unacademy

Putting a video on YouTube is simply trying of their idea and getting clients/students this sort of training called as A Massive Open Online course (MOOC ).It is an online course for open access through web/application. They are putting forth such an extensive amount of instructive courses for nothing yet gradually they will put some valuing to open premium substance which is called as Freemium business model. Unmistakably they get such a huge crowd from YouTube recordings so now they are building their own foundation and therefore they are currently pulling in well known Venture Capitalists and Financial Specialists.

Why did Roman Saini (Co-founder) leave his IAS job?

Roman Saini, a child prodigy who cracked his medical exams at the age of 16 and civil service entrance exams to become an IAS officer at 22, is the co-founder of Unacademy. There were a lot of rumours regarding Roman Saini’s reasons to leave firstly AIIMS and then IAS. The true reason being that he ‘resigned’ to pursue Unacademy- The Free Education Revolution. Gaurav Munjal and Roman Saini have been friends for over a decade now and Gaurav’s enthusiasm is infectious. He played a huge role in reaffirming Roman’s faith in the fact that our nation needs some radical changes in the way education is imparted to the masses and it can be made affordable using technological solutions.

Roman’s full-time move to Unacademy has not just gotten the imperative eyeballs for the startup yet in addition underlines the way that the group is sure about what they want to do. They believe that free education is big, and they need to change the way the whole world consumes educational content. All things considered, free education for all is no mean feat

How do educators earn from Unacademy?

There are a considerable number of educators who teach for free on the platform. And there are some who take stipend and others who are paid per lesson. It’s truly different from educator to educator. Until the point where the educators have some monetisation they urge them to educate for free or charge a basic amount. Once a way is figured out for the instructor to earn money either by tests or personalised problem solving in the course-then it will be truly simple for teachers to likewise receive money as an incentive for their effortsOne thing is for sure that the lessons on Unacademy – India’s biggest learning stage will be free. Till then they are constantly open to the same number of individuals to add to Unacademy – India’s biggest learning stage by making incredible lessons.

Unacademy- A Platform to balance out the Education Inequality in India

Unacademy isn’t taking a gander at how huge is the market, rather fabricating a stage to advance the reason. “It’s a gigantic issue in India that high quality isn’t accessible to the majority and the wish to take care of this issue first. The organization is thinking more towards providing free and quality education in the nation. There are sites giving free instructive substance, yet then Unacademy founders are not looking towards this part as an opposition, rather simply spreading education to the majority. As the name Unacademy suggests, it is a platform for one and all. Any individual who needs to access quality education on any topic is welcome on the stage.

Future ahead

Wish to become the world’s largest educational repository by enabling incredible instructors and making it accessible. The mission is separated into two parts:

1.Every instructive course on the planet ought to be on Unacademy in each dialect possible.

2.Empower a large number of great instructors to educate on Unacademy with the goal that point 1 is accomplished

Both the focuses according to them will take over 10 years to accomplish the vision even marginally so unhesitatingly it can be said that in five years the waters would have been tested and there would be a long way to go.